There's more Chevy news today coming out of the big GM backgrounder in Detroit. The bowtie-badged brand today announced a multi-year agreement with Penske and IndyCar to bring professional motorsports back to the Motor City for the first time in four years.

The first Chevrolet Detroit Belle Isle Grand Prix will be held June 1-3, 2012 at the 2.1-mile Raceway at Belle Isle Park road course.

It'll be one of four races to be held during the weekend. In addition, there'll also be:

· The Chevrolet Detroit Sports Car Challenge where Chevrolet Daytona Prototypes and Camaros will compete in the first GRAND-AM Rolex Series race held on Belle Isle

· The Cadillac V-Series Challenge at Belle Isle, where Cadillac CTS-Vs will compete in the second Pirelli World Challenge series race held on Belle Isle